The new company, to be headquartered here in Dallas, will go by the moniker EnLink Midstream.

The company also announced it was leaving the NASDAQ stock exchange for the New York Stock Exchange. Its shares will be traded there under the symbols ENLK and ENLC, the first for the master limited partnership division of the company and the second for the general partner division.

No word from Crosstex on how they came up with the name. Pipeline companies tend to go with plain, no frills handles - Energy Transfer Partners comes to mind.

But Crosstex - for now - CEO Barry Davis was buoyant on the deal with Devon, one of the country's largest oil and gas drillers headquartered in Oklahoma City.

"We are proud to introduce EnLink Midstream, which will be a leading, integrated midstream company with a diverse geographic footprint and a strong financial foundation,” said Davis. “This strategic combination is expected to generate immediate and future value for our equity holders and to provide greater capacity to pay distributions."